Valenti will go before Commissioners Court on Aug. 4 and ask for approval of a $20 million line of credit.

“Our cash reserves dip in the month of October and November and we need a line of credit to add to our reserves,” Valenti said. “It will allow them to cover payroll, accounts payable, The line of credit is only for this year. It will cover October and November and we will pay it back in December, January - within 90 days.”

He said it is a gut-wrenching, somber feeling they all had on the campus Friday.

Despite the financial trouble Children’s is in, Valenti said voting for the children's hospital was the right decision.

Valenti said that Children's Hospital received a curve ball from Health and Human Services Agency in reimbursements that could not have been anticipated.

He added that it’s not just up to County commissioners but also the community has to decide to what extent UMC should subsidize Children’s.

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